United Airlines Statement on Recovery Plan

CHICAGO, Sept. 25, 2002—- United Airlines (NYSE: UAL) issued the following statement this evening regarding its continued recovery efforts:
“We welcome the framework from the union coalition, which has worked diligently to forge constructive recommendations for addressing some of United’s most immediate financial needs. Given the very real deadline imposed by our financial situation, we appreciate this quick but thorough effort. We will study the framework very carefully, and we are committed to responding to the coalition and its members in the days ahead to finalize an updated business plan to take to the ATSB.
“At the same time, we are focused on ensuring that United remains a highly competitive business for the long-term. This company has a tremendous base of assets as well as a great team of people whose resilience has been tested successfully in the past. We are confident that United Airlines will continue to serve our customers for many years to come.”